- Green Member
- Posts: 3
- Joined: Tue May 01, 2012 1:45 pm
- Website: http://financegourmet.com/blog/
- Location: Colorado
Read the card agreement. What you are talking about is the Grace Period of the card. So long as the card starts the billing month without any unpaid balance from the previous month, then you will have interest free for the duration of the grace period each month. In other words, if you pay it off each month there is no interest. However, that all ends if you are late, you go over your limit, or you get a cash advance. Also, if there is an annual fee, you pay that no matter when you pay off your balance.
Keep in mind using a PIN number means a cash advance, even if you are buying something. Always press CREDIT and never enter your PIN. In fact, I shred the PIN notification without remembering it. That way I can't even use the PIN without having to call them first.